2250 GMT - REA Group's net cash position could lead to capital management from the Australian real-estate advertiser, Jefferies analyst Roger Samuel reckons. Keeping a hold rating on the stock, Samuel tells clients in a note that he thinks that REA can sustain double-digit buy-yield growth into the medium term due to the quality and quantity of leads it provides relative to rivals. He is untroubled by REA's increased cost guidance, pointing out that it's largely linked to revenue and the News Corp-controlled company's performance. Jefferies increases its target price 4.4% to A$248.20. Shares are at A$254.90 ahead of the open. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 17:50 ET (22:50 GMT)
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